Rebirth of the Financial Overlord
Chapter 517 The British Pound Killed by Oolong Finger
The location of the UK is surrounded by the sea, so the weather here is always changing in autumn. The sun is still shining brightly in the morning. I don’t know when it will start. The dark clouds have gathered at the high altitude of London City to cover the sun hanging in the sky, and the sky has changed. gotta get dark.
Thick black clouds pressed down on the head, and the blackness was solidified in the sky. The strong wind gave people a feeling of oppression, and everyone could feel that a storm was coming.
At least, that was the case for Robin Leigh Pemberton.
As the governor of the Central Bank, he knows very well what kind of decisive battle Britain is facing today.
This is the battle of national destiny.
If you win, the security of the pound will be guaranteed, and Great Britain can also stay in the European common economy to gain more benefits; if you lose, it will be a terrible disaster. In addition to facing uncountable losses, Great Britain will also Nailed to the shelf of shame in history.
However, Pemberton had no confidence in winning at all.
The continuous selling of sterling in the spot market is as if the seller has inexhaustible money, which makes Pemberton feel absurd that international capital shorts are the issuing bank of sterling, not the Bank of England.
Otherwise, where do those guys get so many pounds to keep selling.
There are new highs above new highs, and new lows below new lows.
In the market price change, theoretically, there is always only one maximum and one minimum. If you want to stop the current decline of the pound, you must create a minimum, but he is not sure whether to stop this minimum.
Seeing the downward trend of the British Pound hit a barb driven upward by the last funds, Robin Leigh Pemberton drew a cross on his chest full of hope, and silently prayed the most devout prayer in his heart.
God bless!
God bless Great Britain!
God bless sterling to avoid this crisis, send those damn demons to hell.
Probably, really God bless.
At this moment, Norman Lamont called with good news.
Robin. Just now, President Michel Condesuu agreed to our request, and the IMF is willing to lend us seven billion pounds.
This is undoubtedly good news.
Money is human blood, without money, women’s legs will become weak; money is also blood to a country, without money, the whole country’s diseases will be concentrated.
Although there is a gap of 3 billion pounds between 7 billion pounds and the estimated 10 billion pounds, for the UK at this time, such a large sum of money is simply life-saving. As long as the current pound price is made into an iron bottom in line with the new interest rate policy, the eye-catching international capital will retreat without a fight under the high interest rate.
Robin Leigh Pemberton clenched his fists fiercely, releasing the excitement and excitement in his heart, but he knew that money alone was not enough.
Norman. I think you know that we have to have higher interest rates to dissuade sellers in the market from continuing to sell. Otherwise, they will keep borrowing money and we will be tired.
.
Pemberton's words gave Norman Lamont a headache.
In order to prevent more pounds from being sold in the market, sellers in the market must have no pounds to sell, but the banking institutions are open, so there is no reason not to let people borrow money, unless foreign exchange controls are implemented, banks are prohibited from lending money.
But in that case, the current cabinet can step down directly, and the people will throw all the rotten eggs on him, the Minister of Finance.
Raising the interest rate will put a huge pressure on the securities market and the treasury bond market. The current interest rate is far higher than the yield of treasury bonds. Raising interest rates again will only increase the selling of treasury bonds, and no one will even buy treasury bonds. The public bonds are issued by the Ministry of Finance. At that time, he, the chancellor of the exchequer, will 100% be blamed.
There has never been a moment when Lamont felt that his life was so bad. In the dark, he had a feeling that no matter what happened in the future, his political life would come to an end.
In his place, seek his work.
As the Chancellor of the Exchequer, what can Lamont do.
After hanging up the phone, he had no choice but to make another call to the prime minister's office.
Pemberton believes that the foreign exchange of 7 billion pounds is not enough to support the pound to return to the floating trajectory, which needs to prevent sellers in the market from obtaining more pounds.
So what do you think?
.
You suck up.
I won't say it all, this is what Pemberton meant. Facing Sister Mei's rhetorical question, Lamont really wanted to greet the women in Sister Mei's family. This is so obvious that he is throwing the lid of the pot, and he can't avoid it.
I agree with Pemberton's suggestion. He may be right.
So how far do you think it would be better for us to raise the interest rate?
I think it would be better if we could raise rates another two hundred basis points in one go.
What's the reason?
Speculators are selling pounds to make a profit, and if we raise interest rates to 17 per cent, it will be enough to discourage them from borrowing money from the major banks. No one wants to lose money.
.
This time, Lamont's request to the prime minister was successful. After discussions with the prime minister's staff and cabinet members, the news of the huge interest rate increase was scheduled to be announced at two o'clock in the afternoon.
In theory, the British response was correct.
The price of sterling was hit because there was so much selling of sterling in the market that speculators had to consider whether borrowing money to sell sterling could make a profit as long as interest rates were higher than the possible gains.
No one would dare to lose money in business.
But unfortunately, no one knows that behind this feast of gluttony, there is another hooker who is beyond the times, a bastard with a sniper rifle who has been eyeing the pound for a long time.
Canary Wharf, Capital One International CEO's office.
Shen Jiannan looked at the news from the secretary, and a strange look flashed in his eyes.
The Bank of England has raised interest rates again.
This result was beyond his expectation and within reason.
In the original trajectory, the Bank of England only raised the interest rate to 15% and then chose to invest; but at this time, it is clear that the British feel that they can continue to sustain it.
Accidents brought by accidents are never unexpected at all.
All of this is also within reason.
The total amount of money in circulation in the treasury bond market is locked. Neither the Bank of England nor MI5 can detect how many pounds can be sold in the market. Other capital cannot borrow money from the Bank of England now. It is an idiot not to fight once.
Shen. What should we do now?
The sudden increase in interest rate made Qina Kanoski unable to concentrate anymore. She turned her head to look at Shen Jiannan, her jade-like eyes were full of apprehension and nervousness.
Things like money, to a certain extent, surpassed the law and even rights and force. The size of the position was more than 40 billion US dollars. If there was a problem with such a large amount of funds, it would be hell waiting for them.
what to do?
It's impossible to say I'm not nervous.
Borrowing so much money, if he loses money, those bankers will absolutely kill him at all costs.
law?
forget it.
In the world of capital, money is law.
But I can't say how scared it is. Apart from Capital One, there are countless sellers waiting for the climax of this feast.
clap clap -
The dark clouds pressed down, and the violent storm finally fell from the sky amidst the thunder of the electric fan. The violent raindrops slapped on the windows, and played the most beautiful movement.
The torrential rain quickly gathered into a small stream, and the gurgling stream flowed slowly, moistening the entire earth.
Times create heroes, and heroes create times.
Now that the general trend is in hand, just like the brook where the rainstorm gathers, as long as it is guided, it is enough to gather the strongest force and tear away all obstacles.
Pushing Qina Kanowski down on the table, Shen Jiannan picked up her green five fingers and poked them on the keyboard one after another.
Snapped--
6
Snapped
6
clap clap -
6666
666666666 £
Six hundred and sixty-six hundred and sixty-six thousand six hundred and sixty-six pounds.
A very smooth and auspicious number.
Snapped--
The Enter key was pressed in Qina Kanoski's hands, and a series of numbers within milliseconds instantly flowed into the quotation system of the spot market.
666666666 £ 2.72 sold
Oh my God.
Qina Kanowski exclaimed in shock, and her heart twitched instantly. Thinking of the purchasing power represented by this large number, the huge impact was simply insane.
What concept?
If they were converted into cash and put together, so much money could be piled up to a height of two meters for one kilometer.
But it's not over.
She watched her fingers type a few numbers on the keyboard again and again, but the poking force was slow and heavy, and the feeling that time seemed to be stopped made her almost collapse.
666666666 £ 2.69 sold
It was sold at an overpriced price of 666.66 million.
The dense combination of numbers caused a bloody luster to flash on the computer screen.
No one can withstand the impact of this horror, the purchasing power it represents, just thinking about it is enough to make people's liver and gallbladder crack, and their legs go weak.
Qina Kanowski is just a normal person, how can she stand it, watching the pound drop by thousands of basic points in an instant under her hands, the adrenal glands are secreting rapidly and frantically, and the heart beats her like a drum in an instant With all the energy, the whole person collapsed onto the table like mud.
The futures market is a derivative of the spot market, but the pricing power of the forward contract determines the price of the spot market. The relationship of interdependence and influence logically determines that the two markets are highly connected to each other.
As two super sell orders appeared in the spot market, the upward trend of the GBP/DM futures market stagnated for an instant, and then plunged in a straight line at a more violent speed than the rise.
Pound to mark, 2.7175, sold 666
Pound to mark, 2.7075, sold 666
Pound to mark, 2.7075, buy 1
Pound to mark, 2.7075, buy flat 1
Market Trading Department.
William's eyes were already red, but there was no disturbance in his heart. Before he knew it, he had achieved the calmness he had been looking for all along, and his energy was all condensed in the disk, and he was no longer affected by foreign objects.
William has transformed.
A huge spiritual transformation.
At this time, he forgot the fear of money and wealth, and forgot that what he played in his hands was sum after sum of money that was enough to buy anything.
He forgot that he was now attacking the pound, and the terrible pressure of wealth.
Blow up the Bank of England.
Otherwise, go to the street and sit naked on the steel pipe to rub the water out.
Thinking of that tense punishment, William had only one goal in mind.
Blow up the pound and strip the panties of the Bank of England.
Complete the tasks given by the boss.
Otherwise, with the boss's shamelessness and ruthlessness, he would definitely be sent to the street to rub against steel pipes.
Pound to mark, 2.7075
Seeing that the pound reached the integer support level of 2.7, the downward trend was frustrated, and William bit his lip like a wild wolf.
Little Four. Sweep away all the selling orders below for Lao Tzu at an overpriced price.
Without any hesitation, Li Sishan threw a keyboard and quickly typed a set of numbers on his hand.
2.8985, sold 6666
Snapped--
As Li Sishan clicked the mouse, a set of information popped up on the computer screen instantly.
Pound to mark, 2.6985, sold 6666
too suddenly.
The integer position is so important. The position of 2.70 is like a defensive position on the battlefield. It not only represents the physical defense of both sides, but also represents the psychological defense of both the enemy and us.
But now, when the pound is facing the key position of an integer of 2.7, the futures market has unreasonably placed a super sell order in history.
Six thousand six hundred and sixty-six hands.
A total of 6,666 contracts.
The sale of futures is a standardized contract for the pound to mark exchange, which means that in this millisecond, someone has spent tens of millions of pounds at dozens of times the futures price.
If it is delivered, it will be hundreds of millions of pounds.
Moreover, it is still overpriced.
Pound to mark, 2.6975, buy flat 1
Pound to mark, 2.6955, buy flat 2
Pound to mark, 2.6975, buy flat 1
Pound to mark, 2.6875, buy flat 1
Pound to mark, 2.6775, sell 2
In an instant, the price of the pound was like a torn defensive position, and countless stop loss orders emerged. Numerous forced stop losses and forced stop losses bombarded the exchange rate of GBP to Mark by hundreds of basic points.
The dense unwinding and selling turned the screen of Reuters blood red.
red!
The red is heart-shattering.
It's so red that it's jaw-dropping.
Seeing the downward trend of the pound like a waterfall, Pemberton no longer had the ease of hearing the support of 7 billion pounds, and his eyes almost stared at the ground.
five minutes.
In just five minutes, the Bank of England invested three billion U.S. dollars. Not only did it fail to raise the price of the pound, but it fell directly below 2.7.
How can this be!
Damn it. Pull it back, pull it back now.
.
Pemberton yelled like crazy, if seven billion pounds combined with interest rate hikes can't stop the crisis, then...
Oh, God!
2.6 sold 66666
Suddenly, there was another super sale in the market.
This smashing broke Pemberton's thinking, bewildered his thoughts, and made him completely bewildered.
66666 contracts
In the past, the daily trading volume of the British pound to mark forward contract was only 200,000. But in this millisecond, 66,000 contracts were blown out.
Destroyed.
Under these 66,666 overpriced contracts, the price of the British pound was bombed from 2.6775 to 2.6.
In one millisecond, it dropped by more than two percent.
The sterling line of defense fell.
Like a thin piece of paper.
With the continuous sale of 1.3 billion pounds and the sale of the 66666 chapter contract, the last line of defense of the Bank of Thailand was completely destroyed.
The effect of the dam's absolute lifting is that the surging river can no longer be stopped.
It fell by more than 2% in a millisecond. I don’t know how many long speculators have touched the risk control line of forced liquidation.
2.5975 buy flat 1
2.5875 buy flat 2
2.5875 buy flat 1
2.5835 buy flat 1
Capital One Trading Room.
William looked at the plummeting pound like a wild horse, and the expression on his face became extremely exciting.
Si. What the hell are you doing?
Being scolded by William, Li Sishan's face was more bitter than bitter gourd.
Boss, I pressed the wrong button!
.
Accident.
Yes, it was an accident.
As a Chinese, one can imagine the excitement of being able to sell the British for money.
Then there is no more.
Seeing that 6666 contracts were sold for the first time and the pound fell by more than a little bit, Li Sishan's heart beat like a motor.
When William asked him to consolidate the results and suppress the buying to the bottom, his hand hit an extra six uncontrollably.
2.5835 buy flat 1
2.5835 sell flat 1
2.5835 buy flat 1
2.5835 sell flat 1
When there was a temporary armistice in the war and the time to transport corpses, with the overflow of forced liquidation in the market, the pound seemed to be completely stunned and fell into an almost static state.
Standing outside the Treasury office and looking at the Reuters screen, where the movement resembled a straight line, Lamont felt like a surgeon looking at a heart monitor and realizing his patient had died, and what was left to do? All you have to do is unplug the instrument.
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